Nokia, once a titan in the mobile industry, is facing rough weather these days. The Windows Phone 8 powered Lumia series hasn't stood up to Samsung Galaxy handsets. In the feature phone category the mighty Symbian is dead, and is likely to be crushed by lower cost Android handsets. Where Nokia is heading is still unknown.

In the past quarter- thanks to the introduction of low cost Lumia handsets the shipments were on rise. CEO Stephen Elop assured stakeholders that Nokia is fighting hard to complete with likes of Samsung. The company is committed to WP8 mobile OS, and would likely to stick with it in the future.

"We make adjustments as we go. But it's very clear to us that in today's war of ecosystems, we've made a very clear decisions to focus on Windows Phone with our Lumia product line. And it is with that that we will compete with competitors like Samsung and Android," Elop told reporters ahead of a shareholders' meeting. (Via Reuters).

The CEO also quickly added that Nokia will likely to announce new Asha handset in the mid-tier segment. The Finnish giant is set for a big day; the New Delhi event to be held on May 9, which could be a turning point for tech vendor. New reports suggest that Nokia will announce Asha 510 along with dual SIM variant of Asha 210 with WhatsApp button.

We are continuing to renew our portfolio, which includes plans to announce innovation and new products in the Asha line in the days immediately ahead," as per CEO Stephen Elop, Nokia

In the meanwhile, Nokia is said to announce the Lumia 928, a variant of last year's sleeper hit Nokia Lumia 920. The device was revealed on Nokia US site (sort of) via a teaser shot. It shows Verizon logo the front panel.

In terms of features the handset is set to have PureView camera and Xenon flash among others. The same picture was also seen in the Vanity Fair magazine, claims Engadget. The magazine ad is a proof that the device is indeed Nokia Lumia 928.

However, the company is yet to communicate the actual release date of the handset. On the other hand, May 14, could be a significant event in the history of Nokia. The London based event is set to make Nokia EOS official as well as global version of Lumia 928 at one go.